Previous close | 38.67 |
Open | 38.59 |
Bid | 39.02 x 12100 |
Ask | 39.03 x 6800 |
Day's range | 38.25 - 39.28 |
52-week range | 27.69 - 44.10 |
Volume | |
Avg. volume | 1,031,105 |
Market cap | 7.414B |
Beta (5Y monthly) | 1.37 |
PE ratio (TTM) | N/A |
EPS (TTM) | -3.70 |
Earnings date | 01 Aug 2023 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 22 Apr 2022 |
1y target est | 46.10 |
On the call with us today are our CEO, Dr. Yoav Zeif, and our CFO, Eitan Zamir. Please note that some of the information you will hear during our discussion today will consist of forward-looking statements, including without limitation those regarding our expectations as to our future revenue, gross margin, operating expenses, taxes, and other future financial performance and our expectations for our business outlook. All statements that speak to future performance, events, expectations or results are forward-looking statements.
Stratasys (SSYS) completes buyout of Covestro AG's additive manufacturing materials business to expand its differentiated 3D printed materials portfolio.
EDEN PRAIRIE, Minn., & REHOVOT, Israel, April 05, 2023--Stratasys has completed the acquisition of the additive manufacturing materials business of Covestro AG.
Good morning, everyone, and thank you for joining us to discuss our 2022 fourth quarter financial results. On the call with us today are our CEO, Dr. Yoav Zeif; and our CFO, Eitan Zamir. Please note that some of the information you will hear during our discussion today will consist of forward-looking statements, including, without limitation, those regarding our expectations as to our future revenue, gross margin, operating expenses, taxes, and other future financial performance, and our expectations for our business outlook.
European chemical producers painted a bleak picture of their prospects for 2023 on Thursday, citing the continuing fallout from Russia's invasion of Ukraine, high inflation and slowing economic growth. Despite energy prices easing since their peak last August and China's reopening offering a potential stimulus, executives stressed that an uncertain geopolitical environment and economic uncertainty were likely to peg back earnings this year. "Old certainties are gone," Evonik Chief Executive Officer Christian Kullmann said.
(Reuters) -German chemicals maker Covestro said on Thursday it expected lower core profit and lower free cash flow in 2023 as economic challenges persist, after a global "polycrisis" caused a sharp rise in energy and raw material prices last year. Covestro's shares were down around 4% at 0910 GMT after it said ongoing impairments from the coronavirus pandemic in China, high inflation and an overall slowdown in global economic growth continued to weigh on its earnings. It forecast annual core earnings (EBITDA) and free cash flow below the 1.62 billion euros ($1.72 billion) and 138 million euros it reported for 2022, respectively, confirming preliminary numbers from January.
By Geoffrey Smith
Good day, and welcome to today's conference call to discuss Stratasys' third quarter 2022 financial results. On the call with us today are our CEO, Dr. Yoav Zeif; and our CFO, Eitan Zamir. Please note that some of the information you will hear during our discussion today will consist of forward-looking statements, including, without limitation, those regarding our expectations as to our future revenue, gross margin, operating expenses, taxes, and other future financial performance and our expectations for our business outlook.
Makers of metals, chemicals and gases said on Tuesday that the outlook for the final months of the year had worsened as concerns intensify that a surge in energy and raw material costs will shrink Europe's heavy industry. French industrial gases company Air Liquide flagged slowing demand from some customers in Europe while Swedish steel maker SSAB said it will cut capacity in the fourth quarter as demand in Europe slows. German chemicals maker Covestro lowered its 2022 earnings guidance for the third time this year, blaming gas and raw material prices.
German chemicals maker Covestro cut its 2022 earnings guidance for the third time this year on Tuesday as it reported weaker-than-expected quarterly profits, blaming soaring gas and raw material prices. The company's shares were down around 2% by 0810 GMT after it said it was only able to offset the sharp rise in raw material and energy prices to a small extent by higher prices. Covestro said third-quarter EBITDA fell 65% to 302 million euros, below the analysts' average estimate of 320 million euros in a company-provided poll.